featured posts:
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Maximus, Doing Well and Eyeing Growth in U.K.
Nov 17, 2013, by NelsonHall AnalystMaximus has announced results for FY 2013, the year ending September 30, 2013. Revenue was $1,331m, up 26.8% as stated. Operating income was $188.2m, a margin of 14.1%, up 200 bps. FY 2013 revenue (and growth) by segment was: Health Services $862.9m (+28.6%) Human Services $468.4m (+23.6%). FY 2013 operating income and margin by segment was: Health Se[...]
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Atos Unveils 2016 Financial Objectives
Nov 15, 2013, by Dominique RaviartAtos has unveiled its Ambitions 2016 plan in whch it has detailed how two of its key service lines (Managed Services and Systems Integration) will evolve over the next three years. Managed Services Managed Services (MS) is planning to grow at a 5% 2013-2016 CAGR with a slight organic growth. The unit has stabilized (organic growth 2011: +1.7% ; 2012; +2.4%;[...]
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Xerox Analyst Conference: Key Takeaways about the Services Business
Nov 12, 2013, by Andy EfstathiouXerox Services has not operated its business at high efficiency over the past few years. It has been very late to offshoring, growing revenues internationally, and rationalizing its services businesses around a few key areas. The current five plank strategy is devised to address those challenges. Xerox understands the challenge of successfully offshoring (and near shoring) its workforce to lower c[...]
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Accenture Awarded Five-Year ADM Contract by Zurich
Nov 04, 2013, by Rachael StormonthAccenture has announced that in 2012 it was awarded a five-year application services contract by Zurich Insurance Group (Zurich) to streamline Zurich’s global finance IT. Services being provided by Accenture Finance and Risk Services include development, implementation and management of SAP-based finance and BI applications that support Zurich operations in North America, Germany, Switzerlan[...]
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HR Technology Conference in Review: Spotlight on RPO
Oct 24, 2013, by Gary BragarThis year’s 16th Annual HR Technology conference in Las Vegas had the highest turnout yet, 8,000 attendees. Below are highlights of just two of the sessions we attended, and of briefings with ManpowerGroup Solutions and Randstad Sourceright. All were focused on RPO: Pinstripe and Boehringer Ingelheim (BI) RPO Presentation Keys to success include: Client view of Pinstrip[...]
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Wipro Q2 FY 2014 Results: Signs of Progress
Oct 22, 2013, by Rachael StormonthWipro published its Q2 FY 2014 results today: full details are available to NelsonHall database or Key Vendor Assessment program subscribers here http://research.nelson-hall.com/search/?avpage-views=article&searchid=3481&id=201189&fv=2. There are some clear positives in Wipro’s performance this quarter: Revenue just topped prior guidance ($1,620-$1,630m), [...]
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Capita Joins Cloud Rush - Update
Oct 15, 2013, by NelsonHall AnalystCapita IT Services recently briefed NelsonHall about its newly unveiled horizontal cloud services. Capita Private Cloud is built on VCE Vblock Systems’ converged infrastructure with data storage provided in Capita’s two data centers in the U.K. Services include the usual utility computing, multi-tenanted, with virtual servers dedicated to clients. Capita will migrate its existing opera[...]
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Worldline Awarded Merchant Acceptance Card Processing Contract by Diners Club
Sep 12, 2013, by Andy EfstathiouWorldline dominates the Belgian marketplace for electronic payments. This contract will provide good growth for Worldline in this market, as Discover and Diners Club have significant (but much smaller than MC or Visa) memberships. However, this is an even bigger win for Diners Club, because they will now have usability with the largest payments network in the Benelux countries for their card membe[...]
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Atos to Float Worldline by Mid-2014
Nov 15, 2013, by Dominique RaviartAtos has unveiled its financial objectives for its Worldline unit. The company is to float Worldline by mid-2014, while keeping a majority stake in the company. Proceeds from the IPO are to finance organic growth and especially acquisitions. Financial objectives for the 2013-2017 period include: Revenue growth of 5% to 7% (2013-2017 CAGR) all organic (2012 revenues €1,066m, +5%; 2013[...]
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Cigniti Details its Mobile Testing Offering
Oct 21, 2013, by Dominique RaviartCigniti’s mobile application testing road-map prefigures how overall software testing is likely to evolve over the next few years. Like a number of its competitors, Cigniti has launched a centralized service consolidated across labs, therefore allowing economics of scale. The company is able to share costs of its device estate investment across clients, at a minimal price i.e.[...]
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NelsonHall Launches “Speed-to-Source” Vendor Evaluation Tool for Payroll BPO
Oct 17, 2013, by Gary BragarNelsonHall, the leading global BPO and IT outsourcing analyst firm, has today launched a new tool to assist Strategic Sourcing Managers in assessing vendor capability in Payroll BPO. The Payroll business process outsourcing BPO tool is available to NelsonHall clients at http://research.nelson-hall.com/ and is also available for a limited period free-of-charge to strategic sourci[...]
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HP ES Turnaround Strategy Update - New Style of IT, New Style of HP ES
Oct 17, 2013, by Rachael StormonthHP recently provided an update on its turnaround program at a securities analyst meeting in the U.S. One major takeaway from the briefing is that HP ES, in particular, is taking additional steps to rebuild and strengthen its business. Looking firstly at the HP group-wide picture, turnaround measures till now have included restructuring, retooling, and reducing costs. Successes so fa[...]
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BNY Mellon Enhances Securities Lending Collateral Management Platform with a Central Securities Depository
Sep 26, 2013, by Andy EfstathiouThis CSD based in Brussels has the licensing to address compliance issues (which are expensive for an individual institution to address) in a cost-effective manner for the European market. This is an early move in a very important area of securities processing that changing regulations are impacting heavily. [...]
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Genpact and Markit Partner to Offer Centralized Client On-boarding Solution for Capital Markets Firms
Sep 16, 2013, by Andy EfstathiouChanges in compliance requirements are the highest priority right now at capital markets firms. To date little has been done to address the required changes anticipated. This initiative to address KYC and client on-boarding is one of the earliest attempts to implement a response to the changing regulatory requirements. This announcement of cooperation with two of the largest global banks is a[...]
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Accenture to Acquire Majority Stake in Vivere Brazil to Expand Mortgage Processing Capabilities into Brazil
Sep 16, 2013, by Rachael StormonthAccenture Credit Services has been a success story since its launch in 2011: it currently serves over 100 lending institutions globally worldwide. Growth has been driven by acquisition: the unit was launched following Accenture's acquisition of Zenta, a provider of residential and commercial mortgage processing services in the U.S. And last month, Accenture acquired Mortgage Cadence, a mo[...]